Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.044%

Price spread now: Perpl against SunX+0.026%7-day average −0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.342%−$34 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.026%, 7d avg −0.011%

Together, before fees−0.381%+ Points / potential airdropPerpl: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.037% dearer against SunX than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.011%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SOL-USDT	119.25	0.0100	pay 0.0100% / 8h	1h 00m	$194K	$1.9M	30x
Short	Perpl SOL	119.28	0	get 0.0000% / 43m	13m 36s	$177K	$4.0M	8.3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee PerplbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$21
Price spread: +0.026% → −0.011%: $3.67
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$39.13
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Perpl: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 5 min ago	3.79 bp	20.8 bp −$21	32.1 bp −$321	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin SOL-PERP	−0.0169%	1h	119.27	+0.023%	$37K	$17K	25x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	119.37	+0.107%	$846	$8K	25x	as long as short
Vest SOL-PERP	−0.0064%	1h	119.20	−0.035%	—	$723K	20x	as long as short
Derive SOL-PERP	−0.0052%	1h	119.19	−0.043%	$2.0M	$2.8M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0006% / S +0.0004%	1h	119.29	+0.037%	$115K	—	150x	as long as short
dYdX SOL-USD	−0.0001%	1h	119.42	+0.148%	$4.9M	$27.2M	20x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	119.30	+0.045%	$1.2M	$20.6M	3.1x	as long as short
Perpl SOLshort	0.0000%	43m	119.28	+0.026%	$177K	$4.0M	8.3x
Phoenix SOL	+0.0054%	1h	119.28	+0.029%	$6.6M	$13.6M	25x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	119.43	+0.155%	$104K	$157K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_SOL_USDC	+0.0070%	8h	119.28	+0.028%	$1.1M	$5.9M	100x	as long as short
BingX SOL-USDC	+0.0080%	8h	119.37	+0.106%	—	$10.5M	—	as long as short
HTX SOL-USDT	+0.0082%	8h	119.23	−0.013%	$232.1M	$45.0M	75x	as long as short
Aftermath Perps SOLUSD	+0.0085%	1h	119.18	−0.051%	$24K	$47K	20x	as long as short
Gate SOL_USDT	+0.0086%	8h	119.37	+0.105%	$871.9M	$690.9M	100x	as long as short
Hibachi SOL/USDT-P	+0.0088%	1h	119.30	+0.047%	$118K	$608K	20x	as long as short
Lighter SOL	+0.0096%	1h	119.38	+0.115%	$13.6M	$56.1M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	119.36	+0.098%	$2.2M	$17.0M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	119.10	−0.120%	$353K	$748K	20x	as long as short
Paradex SOL-USD-PERP	+0.0099%	8h	119.35	+0.088%	$1.0M	$522K	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	119.39	+0.121%	$45K	$797K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	119.23	−0.009%	$6.1M	$41.6M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	119.47	+0.189%	$720.6M	$410.3M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	119.38	+0.117%	$178.8M	$175.3M	100x	as long as short
Pacifica SOL	+0.0100%	1h	119.41	+0.136%	$12.4M	$119.0M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	119.37	+0.105%	$983.2M	$3.81B	100x	as long as short
Bybit SOLUSDT	+0.0100%	8h	119.40	+0.126%	$830.5M	$1.28B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	119.39	+0.121%	$372.9M	$1.72B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	119.28	+0.029%	$233K	$872K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	119.43	+0.154%	$1.9M	$9.0M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	119.35	+0.088%	$133.8M	$7.0M	20x	as long as short
MEXC SOL_USDT	+0.0100%	8h	119.38	+0.113%	$453.8M	$1.13B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	119.39	+0.118%	$139.8M	$202.6M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	119.39	+0.124%	$497.1M	$455.7M	100x	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	119.39	+0.121%	$24.2M	$37.8M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	119.17	−0.064%	$27.5M	$128.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	119.22	−0.024%	$95.8M	$401.3M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	119.21	−0.030%	$48.8M	$31.5M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	119.17	−0.059%	$1.5M	$6.2M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	119.28	+0.029%	$1.4M	$13.4M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	119.24	−0.004%	$368K	$2.4M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	119.26	+0.011%	$203K	$1.7M	20x	as long as short
SunX SOL-USDTlong	+0.0100%	8h	119.25	long leg	$194K	$1.9M	30x
SoDEX SOL-USD	+0.0100%	1h	119.28	+0.029%	$6.3M	$10.8M	20x	as long as short
Phemex SOLUSDT	+0.0100%	8h	119.28	+0.029%	$46.6M	$102.1M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	119.37	+0.106%	$8.7M	$36.2M	50x	as long as short
Coinbase International SOL-PERP-INTX	+0.0112%	1h	119.31	+0.050%	$8.3M	$416.7M	50x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0113%	1h	119.34	+0.077%	$26.7M	$27.7M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	119.26	+0.014%	—	$224.5M	500x	as long as short
Kraken Futures PF_SOLUSD	+0.0149%	1h	119.30	+0.043%	$32.6M	$96.8M	100x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0169% / S −0.0071%	1h	119.28	+0.031%	$3.7M	—	200x	as long as short
Reya SOLRUSDPERP	+0.0182%	1h	119.23	−0.013%	$1.1M	$547K	25x	as long as short
RISEx SOL/USDC	+0.0192%	1h	119.45	+0.173%	$1.7M	$5.5M	20x	as long as short
Injective SOL/USDC PERP	+0.0213%	1h	119.02	−0.189%	$4K	$2K	12x	as long as short
BloFin SOL-USDT	+0.0220%	8h	119.36	+0.096%	$52.1M	$84.1M	125x	as long as short